The economic fundamentals nationally now vs. the 2008-2012 time frame are vastly different.

You tax preparer should be able to file a schedule e for you under which you can report earnings and expenses for rental property - even if it is owned in your name.3) Lastly, owning a property in an LLC is great for liability protection, however, it can prevent you from obtaining conventional mortgages, which offer the longest terms and the best rates.My 2 cents!

-Jason E.

I make a lot of offers and even with the e-signatures in software like docusign I don't want to have to "sign" every line for every offer I make and, more so, I don't want to have to check the document to make sure everything is accurate insofar as how it binds me to the offer.

Step one:/Download the beginners guide to real estate investing, if you have not already acquired the e-book from Bigger Pockets.

I'm not saying you can't wholesale a 1M+ deal, but your odds are significantly smaller.As far as it being different than other markets, I disagree -- the same fundamentals apply.

Also get a title company to run an O&E on it as well.

Sincerely,E.

If your DD says it's a go - sounds like a great first place @Stanley E.!

Depreciation (27.5)E.